TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Bitcoin Price Analysis: BTC/USD turns bearish as technical pattern breaks

  • Bitcoin moves back to flat after a promising start to Thursday.
  • On the 30-Minute, chart the price has just broken a bear flag pattern.
Bitcoin Price Analysis: BTC/USD turns bearish as technical pattern breaks
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

BTC/USD 30-Minute Chart

The day started well for the crypto world but slowly Thursday has turned more and more bearish.

Now on the lower timeframes some resistance has formed and the price broke the 30-Minute bear flag.

The volume histogram at the bottom of the chart shows that there are more sellers backing the move.

The wave low stands at 8,520.00 and if it breaks the bear trend could continue. 

On the topside, the next major resistance is at 9K.

We currently need to see if the bears jump on the back of this move lower. 

Bitcoin Chart

Additional Levels

BTC/USD

Overview
Today last price8763.19
Today Daily Change-16.59
Today Daily Change %-0.19
Today daily open8779.78
 
Trends
Daily SMA209847.77
Daily SMA509216.48
Daily SMA1008273.92
Daily SMA2008828.68
 
Levels
Previous Daily High9366.63
Previous Daily Low8627.16
Previous Weekly High10307.33
Previous Weekly Low9309.77
Previous Monthly High9568.13
Previous Monthly Low6856.63
Daily Fibonacci 38.2%8909.64
Daily Fibonacci 61.8%9084.15
Daily Pivot Point S18482.42
Daily Pivot Point S28185.06
Daily Pivot Point S37742.96
Daily Pivot Point R19221.89
Daily Pivot Point R29663.99
Daily Pivot Point R39961.35

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

More from Rajan Dhall, MSTA
Share:

Editor's Picks

XRP holds $1.40 amid ETF inflows and stable derivatives market

XRP holds $1.40 amid ETF inflows and stable derivatives market

Ripple trades under pressure, with immediate support at $1.40 holding at the time of writing on Tuesday. A recovery attempt from last week’s sell-off to $1.12 stalled at $1.54 on Friday, leading to limited price action between the current support and the resistance.

Crypto Today: Crypto market holds $2.4 trillion as bearish sentiment persists around Bitcoin, Ethereum, XRP 

Crypto Today: Crypto market holds $2.4 trillion as bearish sentiment persists around Bitcoin, Ethereum, XRP 

The Crypto King, Bitcoin, is constrained below $70,000, with the price holding around $69,000. Altcoins, including Ethereum and Ripple, exhibit technical weakness but are holding above key support levels at $2,000 and $1.40, respectively.

Aster tests resistance as whale activity, perpetuals volume surge

Aster tests resistance as whale activity, perpetuals volume surge

Aster (ASTER) edges higher by over 7% at press time on Thursday, crossing above its 200-period Exponential Moving Average (EMA) on the 4-hour chart while testing a long-term resistance trendline on the daily.

Bitcoin slips below $69,000 as crypto market shows cautious stabilization

Bitcoin slips below $69,000 as crypto market shows cautious stabilization

Bitcoin price is nearing the lower consolidation boundary, trading below $69,000 at the time of writing on Tuesday. A breakdown below this key level would suggest a correction toward $60,000. However, institutional and corporate demand support a short-term stabilization in BTC.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: The worst may be behind us

Bitcoin: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.